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Stock Market & Financial Investment News

News Breaks
August 30, 2012
15:37 EDTTDTD Bank sees Q4 adjusted expenses higher than Q3
Says Q4 adjusted expenses increasing vs. Q3 continues pattern. Sees increase of about $250M. Continues to see positive adjusted operating leverage in 2012 with adjusted expense growth under 3%. Comments taken from presentation slides for Q3 earnings conference call.
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May 23, 2013
08:27 EDTTDToronto-Dominion reports Q2 adjusted EPS C$1.90, consensus C$1.90
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06:29 EDTTDTD intends to repurchase up to 12M common shares for cancellation
TD Bank Group announced that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada, or OSFI, and the Toronto Stock Exchange, it intends to launch a normal course issuer bid through the facilities of the TSX as well as through other designated exchanges and published markets in Canada to repurchase up to 12M of its common shares, representing approximately 1.3% of the common shares currently issued and outstanding. On May 21, there were 923,873,168 common shares issued and outstanding. TD will file a notice of intention with the TSX in this regard. As at April 30, the Bank's Common Equity Tier 1, Tier 1 and Total Capital ratios were 8.76%, 10.79% and 13.99% respectively. TD made the decision to launch the bid in light of its demonstrated ability to generate capital and has now allocated roughly $1B in capital for share repurchases under the bid.

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